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Sep 6, 2012 7:00pm EDT
to restore confidence in the u.s. economy. stocks are at their highest point since president obama took office. still, many americans are asking themselves if they're better off now than they were four years ago. investors are looking at their financial statements as a guide. but as erika miller explains, that doesn't necessarily mean americans are feeling better about their economic situation. >> reporter: four years ago, the financial crisis was getting worse and the global economy falling off a cliff. so it's no wonder many americans are feeling better about their financial situation now versus four years ago. >> i'm better off right now than i was four years ago by a long shot. >> i feel more comfortable, because i'm older, i have more of a vision of what i want for my future. >> reporter: but others say they're worse off, especially those living paycheck to paycheck or out of work. >> three years ago, i had a job. i've been disemployed for a year now. >> reporter: and plenty of other americans aren't exactly sure where they stand. >> i don't know if i have a lot to base it on; i'm
Sep 13, 2012 6:00pm EDT
. and president obama had a pointed answer on egypt in an interview last night with spanish-language telemundo. >> i don't think that we'd consider them an ally, but we don't consider them an enemy. they are a new government that's trying to find its way. they were democratically elected, and we need to see how they respond to this incident. in some cases, they've said the right things; in some, they've taken steps not aligned with our interests. >> woodruff: morsi spoke with mr. obama last night and asked for action against the maker of the inflammatory video, titled "the innocence of muslims." >> ( translated ): i called him in order to ask him to put an end to such behavior. and of course, we assured president obama that we will be keen and we will not permit any such event, any such occurrence in our country against the embassy territories in the future. >> woodruff: today, in washington, secretary of state clinton called the video "disgusting and reprehensible." >> it appears to have a deeply cynical purpose, to denigrate a great religion and to provoke rage. but as i said yesterday, ther
Sep 7, 2012 5:30pm EDT
from washington, i'm kathy. my time party, morning hangover. president obama rally supporters but is then hit with a disappointing jobs numbers. a young christian girl accused of blasphemy in pakistan is granted bail. she could soon be freed. but if she's safe? he really is treading on three eyes. the arctic is melting and the ripples could affect us all around the world. >> scientists are stunned by how much ice has melted this summer. the change so dramatic it could be affecting the global weather. >> welcome on our viewers in america and around the globe. the stadium had hardly been cleared after president obama's speech to the democratic convention when americans were hit with the reality of more disappointing jobs numbers. obama himself admitted that progress is not good enough but he added recovery will take time. last night, that is exactly what he asked voters for more of. our editor starts are coverage. >> he came on the chance on four more years and that is what it is all about, whether this man deserves to stay as president of the united states. he says he shares th
Sep 10, 2012 7:00pm EDT
the strike is testing reforms endorsed by the obama administration. >> reporter: chicago public school teachers pounded the pavement all day before the city's board of education headquarters. most wouldn't talk about their contract dispute with the city, but one supportive spouse did. >> they deserve whatever they need to teach our children. it's just pretty sad that it has to get to this extent. >> reporter: while wages and benefits are an issue with the nearly 30,000 educators-- an even bigger one concerns how mayor rahm emmanuel wants to evaluate them. the mayor is backing an obama administration policy that evaluates instructors based on student test scores. the teachers argue the broader community and families also influence learning. labor expert robert bruno says the teachers see current plan as an attack on public education. >> so from their perspective they're not just bargaining some narrow bread and butter issues, but they're looking at the collective bargaining process as a way to truly transform in a dramatic way what public education can and should be. >> reporter: mayor
Sep 11, 2012 7:00pm EDT
expressed some concern the current fed has been too cozy with the treasury and the obama administration. but that concern may fade after the election. >> i think you'd see a move away from that, so that's easy to say now, before someone has the reins of power. if... when they actually get the reins of power, they might actually prefer to have a more cozy relationship. >> reporter: the three men most often mentioned as likely romney fed picks are columbia business school dean glenn hubbard, harvard economist greg mankiw, and stanford economist john taylor. >> among those, i think mankiw would be the most activist and taylor would be the least activist. mankiw would perhaps be the most likely to consider q.e. right now; taylor would be opposed. >> reporter: taylor has criticized bernanke for the fed's aggressive bond buying and is considered an inflation hawk. while hawks may be popular during an election, actually picking one for fed chairman may not sit well with a new president concerned about boosting growth. for his part, hubbard has given few signals about monetary policy, though he
Sep 13, 2012 7:00pm EDT
obama's poor economy. some economists argue bernanke is risking another outburst of inflation when the economy turns around. bernanke says the fed's research shows that's a manageable concern. the bigger fear he sees is that the economy will stumble along indefinitely. >> we're not going to be premature in removing policy accommodation. even after the economy starts to recover more quickly, even after the unemployment rate starts to move down decisively, we're not going to rush to tighten policy. we're going to give it some time to make sure the recovery is well-established. >> reporter: bernanke says businesses will also be more willing to spend and invest if they know the federal reserve is fully committed to getting the economy moving again. darren gersh, nbr, washington. >> susie: joining us now with more analysis, randall kroszner, former governor of the federal reserve, and now professor at the university of chicago booth school of business. randy so, great to have you on this important day to get your take on the fed. tell me, do you think that the fed did the right thing if
Search Results 0 to 5 of about 6